U.S. business inventories rebounded in January as declining sales boosted stocks at wholesalers, which could see inventories contributing to economic growth in the first quarter. Inventories increased 2.3% on a year-on-year basis in January. Inventories subtracted from GDP growth in the fourth quarter, restricting economic growth to a 2.3% annualized rate.
* Intel (INTC) up after report new CEO plots overhaul of manufacturing, AI operations. * February retail sales rise 0.2% * New York Fed Manufacturing falls in March. * Indexes up: Dow 0.50%, S&P 500 0.49%, Nasdaq 0.33% By Pranav Kashyap and Johann M Cherian.
U.S. homebuilder sentiment dropped to a seven-month low in March as tariffs on imported materials raised construction costs, a survey showed on Monday. The National Association of Home Builders/Wells Fargo Housing Market Index dropped three points to 39 this month, the lowest level since August.
* Concerns rise about economic impact of Trump's tariffs. * US retail sales rebound moderately in February. * Euro near 5-month high after Germany agrees fiscal deal. * Yuan firm as Beijing takes steps to bolster consumption. By Saqib Iqbal Ahmed.
* Fed likely to hold rates this week. * No guarantees that there will not be US recession - Bessent. * Trump will speak with Putin about ceasefire proposal. By Daksh Grover. Gold prices were steady on Monday, sitting just below the $3,000 mark that was finally broken last week, with the focus on trade tariffs and the U.S. Federal Reserve's policy meeting.
Canada's main stock index opened higher on Monday, boosted by gains for energy and mining shares, while focus was on the upcoming U.S. Federal Reserve policy meeting amid the backdrop of an ongoing trade war. At 9:34 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 0.53% at 24,682.32.
Wall Street's main stock indexes opened lower on Monday as investors assessed the latest batch of economic data to gauge the impact of President Donald Trump's tariffs on the economy. The Dow Jones Industrial Average fell 61.79 points, or 0.15%, to 41,426.40, the S&P 500 lost 6.00 points, or 0.11%, to 5,632.94, and the Nasdaq Composite lost 25.41 points, or 0.14%, to 17,728.68 at the opening bell.
* Intel (INTC) up after report new CEO plots overhaul of manufacturing, AI operations. * February retail sales rose 0.2% * Futures: Dow down 0.15%, S&P 500 up 0.04%, Nasdaq up 0.22% By Pranav Kashyap and Johann M Cherian.
- U.S. retail sales rebounded in February, suggesting that the economy continued to grow in the first quarter, though at a moderate pace as tariffs on imports and mass firings of federal government workers weigh on sentiment. Retail sales rose 0.2% last month after a revised 1.2% decline in January, the Commerce Department said on Monday.
- U.S. retail sales rebounded in February, suggesting that the economy continued to grow in the first quarter, though at a moderate pace as tariffs on imports and mass firings of federal government workers weigh on sentiment. Retail sales rose 0.2% last month after a revised 1.2% decline in January, the Commerce Department said on Monday.
U.S. retail sales rebounded marginally in February as consumers pulled back on discretionary spending, reinforcing the growing uncertainty over the economy against the backdrop of tariffs and mass firings of federal government workers. Nonetheless, the report from the Commerce Department on Monday suggested that the economy continued to grow in the first quarter, though at a moderate pace.
Canadian housing starts fell 4% in February compared with the previous month, data from the national housing agency showed on Monday. The seasonally adjusted annualized rate of housing starts fell to 229,030 units from a revised 239,322 units in January, the Canadian Mortgage and Housing Corporation said.
- Factory activity in New York State plummeted this month by the most in nearly two years, a survey showed on Monday, with new orders falling sharply and input prices climbing at the fastest rate in more than two years in the latest sign the economy may be weakening.
- Factory activity in New York State plummeted this month by the most in nearly two years, a survey showed on Monday, with new orders falling sharply and input prices climbing at the fastest rate in more than two years in the latest sign the economy may be weakening.
Brazil's economic activity grew more than expected in January, central bank data showed on Monday, ahead of a monetary policy meeting in which the strength of economic activity is expected to be a key factor in determining the bank's next steps.
U.S. retail sales rebounded in February, suggesting that the economy continued to grow in the first quarter, though at a moderate pace as tariffs on imports and mass firings of federal government workers weigh on sentiment. Retail sales rose 0.2% last month after a revised 1.2% decline in January, the Commerce Department's Census Bureau said on Monday.
* Hungary has endured inflationary surge during Ukraine war. * Orban sets cap on retail price margins in 30 food groups. * Central bank says weak domestic food industry inflationary. By Krisztina Fenyo and Gergely Szakacs.
Brazil's economic activity grew more than expected in January, central bank data showed on Monday, with a 0.9% increase from the previous month. Economists polled by Reuters had forecast a 0.22% rise in the index, a key gauge of gross domestic product.
* Concerns rise about economic impact of Trump's tariffs. * Monday's US retail sales in focus. * Euro near 5-month high after Germany agrees fiscal deal. * Yuan firm as Beijing takes steps to bolster consumption. By Kevin Buckland and Alun John.
Futures tied to Canada's main stock index dipped on Monday, tracking its Wall Street peers, while investors looked towards the U.S. Federal Reserve's interest rate decision later this week. The S&P/TSX index futures were down 0.1% at 0647 ET . The benchmark index logged its biggest daily advance in seven months on Friday, tracking a market-wide rally.
Global ratings agency Moody's on Monday downgraded Volkswagen by one notch to Baa1 from A3, citing sector headwinds, structural challenges, ongoing need for investment and fierce competition in China.
Euro zone government bond yields dropped on Monday ahead of the German parliament vote on the country's spending plans on Tuesday in a week packed with central bank policy meetings.
New economic projections from Federal Reserve officials this week will provide the most tangible evidence yet of how U.S. central bankers view the likely impact of Trump administration policies that have clouded a previously solid economic outlook.
* Expect gold prices to edge higher, analyst says. * No guarantees that there will not be recession in U.S.- Bessent. * Fed's interest rate decision on Wednesday awaited. By Rahul Paswan. March 17 - Safe-haven gold firmed on Monday, trading near an all-time high scaled in the previous session, while the market's focus shifted to the U.S. Federal Reserve's meeting this week.
* Kenya bonds fall after IMF says lending program review abandoned. * South Africa central bank rate decision on Thursday. * US Fed's interest rate decision on Wednesday. * S&P upgrades Saudi Arabia's credit rating to A+ from A. * EM stocks up 0.7%, FX flat. By Shashwat Chauhan.
The euro zone housing market has already recovered from its recent slump and prices are likely to rise further, challenging affordability in a potentially unhealthy development, the European Central Bank said in an Economic Bulletin article.
The euro zone housing market has already recovered from its recent slump and prices are likely to rise further, challenging affordability in a potentially unhealthy development, the European Central Bank said in an Economic Bulletin article.
The week ahead is crammed with central bank decisions, first and foremost the U.S. Federal Reserve, but much of the action that whiplashed markets at breakneck speed happen on the political stage - and there's little sense that this will change.
* Merz plans infrastructure fund, debt rule change. * Wants to push measures through old parliament. * Opposition parties say too little time for scrutiny. * Crucial vote in parliament on Tuesday. * Germany faces difficult economic challenges. By Friederike Heine and Andreas Rinke.
Euro zone government bond yields were mixed on Monday ahead of a German parliament vote on the country's spending plans on Tuesday in a week packed with central bank policy meetings. On Wednesday, the Federal Reserve and the Bank of Japan will announce their rate decisions, followed on Thursday by the Bank of England, the Riksbank and the Swiss National Bank.
- The Bank of England is likely to keep interest rates on hold on Thursday and stick to its mantra of only gradual moves ahead as it grapples with the fallout from U.S. President Donald Trump's trade war and mixed news on Britain's economy.
Japanese government bond yields were mixed on Monday, ahead of the Bank of Japan's monetary policy meeting this week amid global uncertainties. The 10-year JGB yield dipped 0.5 basis point to 1.51%, while 10-year JGB futures rose 0.12 yen to 138.26 yen.
* Short-term momentum remains positive for gold, analyst says. * No guarantees that there will not be recession in U.S.- Bessent. * Markets await Fed's policy meeting, Powell speech, on Wed. By Anjana Anil.
* US vows to hit Houthis until shipping attacks stop. * China retail sales pick up. * Trump says he will speak to Putin on Tuesday about Ukraine war. By Arathy Somasekhar.
- Gold prices firmed on Monday, sitting just below the $3,000-mark that was broken last week, with the focus on trade tariffs and the U.S. Federal Reserve's policy meeting. Spot gold was up 0.5% at $2,998.14 an ounce by 01:30 p.m. ET, having hit a record high of $3,004.86 on Friday.
* New home prices fall 0.1% after two months of stability. * Resale prices also decline. * Government prioritises arresting market slide. * Initiatives include city-specific policies. By Liangping Gao and Ryan Woo.
* Oil prices surge more than 1% * Investors eyeing more consumption-led stimulus from China. * U.S. futures slide on recession worries. * Slew of central bank meetings on tap. By Rae Wee. Oil prices surged on Monday, U.S. stock futures slid while those in Asia charged higher as investors took stock of the contrasting fortunes between the United States and the rest of the world.
China's industrial output rose 5.9% in the first two months of the year from a year earlier, official data showed on Monday, slowing from a 6.2% expansion in December but beating market expectations. The data from the National Bureau of Statistics beat expectations for a 5.3% rise in a Reuters poll of 26 analysts.
China's property slump persisted in February, with official figures on Monday showing declines in prices, investment and sales, as government measures and promises of more stimulus did little to boost demand in the crisis-stricken sector.
A U.S. stock market rocked by President Donald Trump's back-and-forth on foreign import tariffs faces a Federal Reserve meeting in the coming week, as investors look for hints about further interest rate cuts that could restore some calm to markets.
A U.S. stock market rocked by President Donald Trump's back-and-forth on foreign import tariffs faces a Federal Reserve meeting in the coming week, as investors look for hints about further interest rate cuts that could restore some calm to markets.
The U.S. is weighing in with Lebanon's government on the selection of the country's next central bank governor in a bid to curtail corruption and illicit financing for armed group Hezbollah through Lebanon's banking system, five sources familiar with the issue said.
Fitch Ratings has affirmed Poland's long-term foreign-currency issuer default rating at 'A-' with a stable outlook, the agency said late on Friday. The agency forecasts average inflation of 4.5% in 2025, and 3.7% in 2026, it said. Given the inflation outlook Fitch expects two 25 basis points interest rate cuts in the second half of 2025 and four 25 basis points cuts in 2026.
* Canadian dollar gains 0.4% against the greenback. * For the week, the currency heads for a 0.1% decline. * Wholesale trade rises 1.2% in January. * Bond yields ease across the curve. By Fergal Smith.
* Consumer sentiment at 57.9 in March. * Tesla up on report it is planning lower-cost Model Y in Shanghai. * Bullion miners up after gold prices breach $3,000 mark. By Stephen Culp. U.S. stocks rebounded on Friday as investors hunted for bargains at the end of a tumultuous week in which U.S. President Donald Trump's escalating trade war fueled recession fears and doused risk appetite.
* Canadian dollar strengthens as Mark Carney is sworn in as prime minister. * Dollar extends gains after inflation expectations pick up. * Yen softens after wage talks as market weighs BOJ rate hike timing. * Sterling weakens after UK GDP unexpectedly contracts in January. By Chibuike Oguh and Yadarisa Shabong.
* Consumer sentiment at 57.9 in March. * Tesla up on report it is planning lower-cost Model Y in Shanghai. * Bullion miners up after gold prices breach $3,000 mark. * Indexes up: Dow 1.43%, S&P 500 1.83%, Nasdaq 2.28% By Stephen Culp.
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-American families are growing sharply less optimistic about the economic outlook, but the Federal Reserve may be loathe to respond aggressively to a weakening economy in light of increasing worries that the Trump administration's trade policy will boost already elevated inflation.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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